The JBC = Japan Boxing Commission, which had decided to dissolve due to financial difficulties and was in the process of liquidation, will continue as a general incorporated foundation with the support of companies.
JBC is a general incorporated foundation that oversees professional boxing in Japan, and its main source of income is boxer license fees and match approval fees.
However, due to the influence of the new coronavirus, income decreased sharply due to the inability to form a match, and last year, a large deficit was recorded for two consecutive years, and net assets fell below 3 million yen.
The law stipulates that general incorporated foundations whose net assets have been less than 3 million yen for the second consecutive year must be dissolved.
For this reason, JBC decided to dissolve the general incorporated foundation on March 31, and has been proceeding with efforts toward reconstruction while proceeding with liquidation procedures.
According to JBC, after receiving donations from supporting companies, the net assets amounted to more than 3 million yen, and at the board meeting on the 30th of last month, it was decided to continue as a general incorporated foundation.
Regarding JBC, issues in terms of governance have been pointed out, such as being ordered to compensate more than 100 million yen in a trial with three brothers such as former world champion Kouki Kameda, and it should be a neutral and fair organization. Is being asked.
JBC says, "We will regain our trust as soon as possible, and we will continue to work hard to improve the foundation's finances and business management system."